Best of luck!

You understand some of the basic concepts, but also have some giant holes in your plan.

. 👍🏽 Retail has surprisingly maintained pretty strong throughout and post pandemic and with the continued growth of online shopping.   

The main thing is making sure your investments produce a return that outweighs the cost of the borrowed money.A full cash-out refinance could work down the line, but with rates where they are, you’d be trading a 6.25% ARM for something likely higher, now that it is not an owner-occupied property, which may not be worth it unless you really need the capital to scale.

This involves converting the partners' interests in the LLC into direct ownership of the property.

While both involve shared spaces, the way ownership works is entirely different, and it can impact your rights, control, and future flexibility.Who Really Owns What?

Thus, I’m going thru background and experience checks of GCs, with relevant experience before selecting one instead of using my usual crew which doesn’t have such experience.

All of the coaches are people who have completed the program themselves. 

Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

With this one I would a paragraph that states " in case of any unforeseen circumstances due to the plumbing, we ask that you not flush wipes or pour grease down the drains "  that way you have stated that in the rules part of the listing.